Questions asked and answered by JSHEETS
- Q:
Any ideas on the timeline for RIO to start trending back upward towards the
$40's? I have been buying some on the way down, but am pretty hesitant now that
it drops 5% every single day. Does this just have to do with them potentially
spending capital for an acquisition or is this just market related? -
Asked by JSheets -
1 months ago -
1 answers -
25 views
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A: RIO's been weak because nickel has been weak. Stainless steel (which becomes stainless
b/c of nickel) demand is down while steel demand itself has been ok. Might see a rebound
across all steels, and stainless steel alongside it a bit, as i posted on my blog here:
http://tiny.cc/UoV7q
Yes, I hold a bit of RIO too. Discipline told me to sell a big chunk in the 40's, but
still hold some, so hopefully the forecast I made on my blog will pan out a bit for me to
get out: http://tiny.cc/UoV7q
Still, I have a note to get out of RIO by end of 2008 because new nickel mines are coming
online in 2009, which will increase nickel supply and lower nickel prices further. This
is a position on it's way out of my portfolio.
hope this helps.
~Jeffrey more - Post your own answer
- Q:
TRA has been a strong performer lately. As a matter of fact, today is becoming a
great day for fertilizer stocks. This story is not over.
This stock may be finally headed to $60. -
Asked by JSheets -
1 months ago -
1 answers -
57 views
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A: ag is a great sector,,,but we need too get past this ethanol bann that people r bringing
up more - Post your own answer
- Q: Which is the better short: PALM or Sprint?
-
Asked by JSheets -
1 months ago -
5 answers -
45 views
Bookmark this User - Bookmark this question - Report Abuse - A: Who to buy it? We are in a recession now.It's at a higher price now than it was in March. more
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